It’s not surprising that after last week Spain is looking for help from the ECB through the purchasing of bonds in the secondary market. I think the ECB should definitely get involved while making sure Spain understands that their help is contingent upon them cutting the fat our of their budget. The ultimate costs will be cheaper for the E.U. through being supportive and maintaining a clear and cohesive objective of their target goals. Only reacting when the markets become maniacal only serves to reduce confidence and exasperate the problem by slowing economic growth.
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.